A widget manufacturer has the capability of making three types of widgets. Type A widgets require 14 minutes on a lathe, 2 minutes on a grinder, and 2 minutes on a drill press, and produce a profit of $5. Type B widgets require 8 minutes on a lathe, 7 minutes on a grinder, and 2 minutes on a drill press, and produce a profit of $25. Type C widgets require 4 minutes on a lathe, 4 minutes on a grinder, and 8 minutes on a drill press, and produce a profit of $30. Each day, 620 minutes of lathe time, 530 minutes of grinder time, and 220 minutes of drill press time are available. How many of each type of widget should be produced each day to maximize the profit? What is the maximum profit? CITE The maximum profit is $ This occurs when the manufacturer makes type A widgets, type B widgets, and type C widgets each day.
A widget manufacturer has the capability of making three types of widgets. Type A widgets require 14 minutes on a lathe, 2 minutes on a grinder, and 2 minutes on a drill press, and produce a profit of $5. Type B widgets require 8 minutes on a lathe, 7 minutes on a grinder, and 2 minutes on a drill press, and produce a profit of $25. Type C widgets require 4 minutes on a lathe, 4 minutes on a grinder, and 8 minutes on a drill press, and produce a profit of $30. Each day, 620 minutes of lathe time, 530 minutes of grinder time, and 220 minutes of drill press time are available. How many of each type of widget should be produced each day to maximize the profit? What is the maximum profit? CITE The maximum profit is $ This occurs when the manufacturer makes type A widgets, type B widgets, and type C widgets each day.
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CM: Cumulative Review Problem Set
Problem 115CM
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 5 steps
Recommended textbooks for you
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning